• Assets under management up 3% to $39.9bn
• Operating earnings per share up 5% to 48.6c
• Strategic partnership income up 109% to $25.7m

Magellan Financial Group Ltd (MFG) reported its 1H26 interim results, highlighting continued progress in executing its strategy. Assets under management increased 3% to $39.9bn, with growth across its global equities, infrastructure, and systematic equities strategies. Operating earnings per share rose 5% to 48.6c, reflecting higher strategic partnership income which grew 109% to $25.7m. Investment management revenue declined 17% due to a reduction in the average management fee, partially offset by higher average AUM. Operating profit was flat at $83.1m. The company continued its disciplined capital allocation, returning $105m to shareholders through dividends and buybacks. MFG maintained a strong balance sheet with $504m in liquid capital and no debt. The company is focused on further diversifying its earnings, strengthening its strategic partnerships, and delivering consistent investment performance to meet evolving client needs.